Hungarian Grand Prix in safe until 2016

Bernie Ecclestone believes that there will only be five races held in Europe in the near future, saying that it is "finished" as a Formula One hub.

1 December 2011

Since 1986 Hungary has been on the Formula 1 calendar every year

Grand prix had just just recently been ended but the F1 boss tries to keep up
the interest: "I think in the next few years, Europe will be left with only five races," Ecclestone is quoted by Marca. "I think Europe is finished. It will be a good place for tourism but little else. Europe is a thing of the past."

Mr. Ecclestone plans GP-20 next year in the calendar but U.S have already said "no, thank you", Korea gets bankrupt, political situation remains unstable in Bahrein. So it is hard to imagine that his threat becomesreality - or he needs to wait for a couple of years at least.

There are currently eight European Grand Prix: the Spanish, German, British, Italian, Hungarian, Belgian, Valencia and Monaco. Good to know that Formula 1 could not exist without British, Italian as well as Grand Prix in Monaco. In recent years, the Grand Prix have been cancelled in Belgian. Formula 1 in Germany held alternately at Hockenheim and Nürburgring. Spanish with fans from Valencia have been interested in F1 since Fernando Alonso in situation.

Since 1986 Hungary has been on the Formula 1 calendar every year and in 2010 the Hungarian Grand Prix celebrated its 25th anniversary in Formula 1 racing.Hungaroring will continue to be part of the F1 circuit, as the organizers of the Hungarian Grand Prix extended their Formula 1 contract until 2016. Fortunately,
Mr. Zsolt Gyulai, the Chairman of the Hungaroring does not panic either. "We
have a validated contract for the next 5 year and this issue is expected
to be discussed in 2013 or in 2014, he said.